Alexandria Real Estate Equities, Inc. (NYSE:ARE) Shares Bought by Ieq Capital LLC

Ieq Capital LLC raised its position in shares of Alexandria Real Estate Equities, Inc. (NYSE:ARE - Free Report) by 354.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,164 shares of the real estate investment trust's stock after acquiring an additional 28,199 shares during the quarter. Ieq Capital LLC's holdings in Alexandria Real Estate Equities were worth $3,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ARE. Creative Planning raised its position in Alexandria Real Estate Equities by 14.5% in the third quarter. Creative Planning now owns 15,415 shares of the real estate investment trust's stock valued at $1,830,000 after purchasing an additional 1,947 shares during the period. Sequoia Financial Advisors LLC raised its stake in shares of Alexandria Real Estate Equities by 38.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,238 shares of the real estate investment trust's stock valued at $385,000 after acquiring an additional 893 shares during the period. Private Advisor Group LLC increased its holdings in Alexandria Real Estate Equities by 5.1% in the 3rd quarter. Private Advisor Group LLC now owns 2,651 shares of the real estate investment trust's stock valued at $315,000 after purchasing an additional 129 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Alexandria Real Estate Equities in the 3rd quarter valued at $22,560,000. Finally, Assenagon Asset Management S.A. boosted its holdings in Alexandria Real Estate Equities by 28.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 3,162 shares of the real estate investment trust's stock valued at $375,000 after acquiring an additional 702 shares during the period. 96.54% of the stock is currently owned by institutional investors and hedge funds.

Alexandria Real Estate Equities Stock Performance

NYSE:ARE traded down $1.92 during mid-day trading on Wednesday, reaching $99.01. The stock had a trading volume of 882,891 shares, compared to its average volume of 1,344,243. The firm has a market capitalization of $17.14 billion, a price-to-earnings ratio of 55.01, a PEG ratio of 3.93 and a beta of 1.16. The business has a 50 day simple moving average of $97.73 and a 200 day simple moving average of $108.61. Alexandria Real Estate Equities, Inc. has a twelve month low of $93.25 and a twelve month high of $130.14. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.21 and a current ratio of 0.21.

Alexandria Real Estate Equities (NYSE:ARE - Get Free Report) last announced its quarterly earnings results on Monday, January 27th. The real estate investment trust reported $2.39 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.91 by $1.48. Alexandria Real Estate Equities had a net margin of 10.36% and a return on equity of 1.43%. On average, analysts expect that Alexandria Real Estate Equities, Inc. will post 9.32 earnings per share for the current fiscal year.

Alexandria Real Estate Equities Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a dividend of $1.32 per share. The ex-dividend date was Tuesday, December 31st. This represents a $5.28 dividend on an annualized basis and a yield of 5.33%. This is a boost from Alexandria Real Estate Equities's previous quarterly dividend of $1.30. Alexandria Real Estate Equities's payout ratio is presently 293.33%.

Alexandria Real Estate Equities announced that its Board of Directors has approved a share repurchase plan on Monday, December 9th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 2.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Analyst Upgrades and Downgrades

ARE has been the subject of several research reports. Wedbush restated a "neutral" rating and issued a $104.00 price target on shares of Alexandria Real Estate Equities in a research note on Wednesday, January 29th. Robert W. Baird decreased their price objective on shares of Alexandria Real Estate Equities from $137.00 to $130.00 and set an "outperform" rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. downgraded Alexandria Real Estate Equities from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $133.00 to $121.00 in a report on Wednesday, November 27th. JMP Securities reaffirmed a "market outperform" rating and issued a $130.00 price target on shares of Alexandria Real Estate Equities in a report on Wednesday, January 29th. Finally, Royal Bank of Canada dropped their target price on shares of Alexandria Real Estate Equities from $125.00 to $114.00 and set a "sector perform" rating on the stock in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Alexandria Real Estate Equities currently has an average rating of "Hold" and a consensus target price of $121.30.

Alexandria Real Estate Equities Company Profile

Alexandria Real Estate Equities, Inc NYSE: ARE, an S&P 500 company, is a best-in-class, mission-driven life science REIT making a positive and lasting impact on the world. As the pioneer of the life science real estate niche since our founding in 1994, Alexandria is the preeminent and longest-tenured owner, operator, and developer of collaborative life science, agtech, and advanced technology mega campuses in AAA innovation cluster locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland, and Research Triangle.